Business News
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PM in a quandary on how to sweeten bitter IMF pill | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday withheld his final approval of a set of measures that Pakistan had to take to unlock the much-needed International Monetary Fund (IMF) programme, directing authorities concerned to slightly sweeten the bitter pills of an increase in energy prices and taxes. The prime minister chaired a virtual meeting…
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Pakistan gets lifeline rollover of $2bn loan from UAE
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[ad_1] Finance Minister Ishaq Dar photographed on January 4, 2023. PID Finance Minister Ishaq Dar said the United Arab Emirates (UAE) rolled over its $2 billion loan to Pakistan – a move that the cash-deprived country needs direly to make some breathing space in its fiscal environs. “Abu Dhabi Fund for Development (ADFD) has rolled…
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Rs10 tariff relief likely for K-Electric consumers | The Express Tribune
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[ad_1] ISLAMABAD: The consumers of K-Electric are set to get a tariff relief of over Rs10 per unit on account of fuel cost adjustment for December 2022. K-Electric has filed a petition requesting the National Electric Power Regulatory Authority (Nepra) to approve a reduction of Rs10.26 per unit in consumer bills under fuel cost adjustment…
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Last date for encashment of withdrawn prize bonds extended
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[ad_1] An undated image of prize bonds. — Online/File The State Bank of Pakistan (SBP), after the approval of the federal government, extended the date to redeem withdrawn prize bonds of Rs7,500, 15,000, 25,000, and 40,000. The announcement was made by the central bank in a statement issued in this regard. “The federal government has…
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Pakistan energy needs may rise by 30% by 2030 | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad. The Asian Development Bank has said the energy needs of Central Asian regional countries, including Pakistan, would increase by 30% by 2030. The bank said with the exception of China, the countries under its Central Asia Regional Economic Cooperation (CAREC) project would have to invest from $25 billion to $49 billion to…
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SBP chief expects dollar inflows from next week
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[ad_1] An undated image of State Bank of Pakistan Governor Jameel Ahmad. — Twitter/@StateBank_Pak State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday claimed that the country will start receiving inflows from next week giving the government much-needed breathing space amid the liquidity crunch that is currently gripping the cash-strapped nation. The central bank…
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Microsoft to cut staff again: reports
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[ad_1] In this file photo taken on July 30, 2014, a Microsoft logo is pictured during the presentation of the Xbox One in Shanghai. — AFP SAN FRANCISCO: Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports.…
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Relief for Karachiites, K-Electric seeks Rs10.26 tariff cut
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[ad_1] A representational image of the K-Electric consumer bill. — KE website Karachiites are likely to get a massive relief as K-Electric has sought a tariff reduction of Rs10.26 per unit on account of fuel charges adjustment (FCA). The National Electric Power Regulatory Authority (NEPRA) announced in a statement that it would conduct a public…
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Low gas prices unfeasible: minister | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Division Musadik Malik on Tuesday told the Senate that not increasing the gas prices was placing immense pressure on the national exchequer and its rates would be jacked up at an appropriate time.“We cannot provide cheap gas to consumers after buying it at expensive prices,” he added. The state…
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Wyoming electric vehicle ban by 2035 urged
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[ad_1] Black charger plugged into an electric car.— Pexels. The Wyoming legislature was urged by a group of Republican legislators to try to phase out the sale of new electric vehicles by 2035 in a bill that was submitted last week. The MPs claimed that electric vehicles are unfeasible and that their batteries use valuable…
